Oxfam: A new billionaire every two days

“Reward Work Not Wealth”, that is the title of Oxfam’s newest wealth and inequality report.

According to the report, 82% of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half got nothing.

Oxfam NZ adds that the situation in New Zealand isn't much better: Of the wealth created last year, the richest 1% own 28%, while the poorest 30% of the population received less than 1%.

Reuben McLaren spoke to Rachael Le Mesurier to find out more.